Consolidated balance sheet

 

At 31 January 2017

£ millions Notes 2016/17 2015/16
Non-current assets      
Goodwill   2,399 2,397
Other intangible assets   308 276
Property, plant and equipment   3,589 3,212
Investment property   24 25
Investments in joint ventures and associates   23 23
B&Q China investment 12 - 62
Post-employment benefits 9 239 246
Deferred tax assets   28 11
Derivative assets   54 43
Other receivables   8 7
    6,672 6,302
Current assets      
Inventories   2,173 1,957
Trade and other receivables   551 568
Derivative assets   36 56
Current tax assets   6 5
Short-term deposits   - 70
Cash and cash equivalents   795 730
Assets held for sale   - 6
    3,561 3,392
Total assets   10,233 9,694
       
Current liabilities      
Trade and other payables   (2,495) (2,369)
Borrowings   (14) (138)
Derivative liabilities   (26) (6)
Current tax liabilities   (141) (66)
Provisions   (63) (69)
    (2,739) (2,648)
Non-current liabilities      
Other payables   (50) (53)
Borrowings   (184) (179)
Deferred tax liabilities   (282) (333)
Provisions   (99) (208)
Post-employment benefits 9 (108) (87)
    (723) (860)
Total liabilities   (3,462) (3,508)
       
Net assets   6,771 6,186
       
Equity      
Share capital   352 361
Share premium   2,221 2,218
Own shares held in ESOP trust   (23) (24)
Retained earnings   3,837 3,637
Other reserves   384 (6)
Total equity   6,771 6,186

The financial statements were approved by the Board of Directors on 21 March 2017 and signed on its behalf by:

Véronique Laury
Chief Executive Officer

Karen Witts
Chief Financial Officer